Planning on Buying a Home? Be Sure You Know Your Options.

Planning on Buying a Home? Be Sure You Know Your Options.

Tuesday November 5th, 2019 First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction

When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building the home of their dreams.
According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB),

“The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by the gradual uptick in builder sentiment over the past few months.”

This is great news for homebuyers because it means there is additional inventory coming to the market, giving buyers more choices. The most recent data from NAHB shows,

“The inventory of new homes for sale was 321,000 in September, representing a 5.5 months’ supply. The median sales price was $299,400. The median price of a new home sale a year earlier was $328,300.” ###/blockquotepurchasing power.

Bottom Line

If you’re thinking of buying a home, you may want to consider a new build to meet your family’s needs. Let’s get together to discuss the process and review what’s available in our area.

Keith KreisRealtorCNC,e-Pro,SFRCharles Rutenberg Realty3135 Book Road Naperville,IL 60564(630) 673-0306Top 1% of all agents on Trulia, Zillow 5 Star Agent, Zillow Local Expert, 2014, 2015,2016 Five Star Realtor, Top 3% for client satisfaction out of approximately 42,000+ Realtor that are licensed in Illinois, "Best of Trulia"Most importantly what my clients say about me!

- Very knowledgeable and answers all questions patiently
- Definitely helped me to save a lot of money
- Even helped me with other upgrades at home
- Always responsive and flexible to make appointments